| Stock |
Supply |
| (a) Stock refers to the total quantity of commodity available with producer for sale. |
(a)Supply is that part of stock which the seller is willing to offer for sale at a given price. |
| (b) It is outcome of production. If production increases, stock will also increase. |
(b) It is outcome of stock. Stock is the basis of supply. |
| (c) It is a fund or reservoir and a static concept (inelastic). |
(c) It is a flow concept. It changes according to change in price (elastic). |
| (d) It can exceed supply. |
(d) It cannot exceed stock. |
